I would like to thank
you for your support of the Exeter Unified School District and the passage of
Measure K, the School Facility Improvement Bond.Your approval signifies support for our
students and staff and a level of trust that makes me even more proud to be a
member of our School District and the Exeter Community.Measure K authorizes the school district to
issue bonds that will generate approximately $18,000,000 in the coming years to
improve and renovate classroom and other school facilities.It will also provide the much needed funds to
keep up with the ever-changing world of technology and to help us best prepare
our students for the world they will enter upon graduation.

Now that the election
results have been certified, we will begin designing a budget and an
implementation plan for the facility improvements.Following the completion of those steps, we
will issue the Bonds to generate the money needed to begin the District
improvements.With the passage of the
State School Facility Bond, Proposition 51, we will simultaneously apply to
receive funds from the State of California that could assist with the
completion of some of the projects on our list thereby stretching our local
dollars.As you can imagine, this
process does take some time so please do not expect to see construction begin
right after the first of the year.However, our intent is to begin renovating classrooms as soon as
possible.

As the money comes to
the District from the issuance of the Bonds, the District will be very careful
to account for those dollars separate from the funds received for regular
operations.Annually, there will be a
separate financial audit of the Bond revenues and expenditures.There will also be a Citizen Oversight
Committee that will review the expenditures and audit to ensure to our
community that the District is spending the money only on the projects listed
in the Bond language.Membership
applications for that committee will be made available after the first of the
year.

Again, I want to
sincerely thank the Exeter Community for their support every day and especially
on November 8, 2016 when you authorized the District to generate money to
improve the District’s facilities and maintain access to technology for many
years to come.I will do my very best to
ensure the improvements to our District are of the highest quality and add to
the positive image that already exists in our community.